The Resilience of Thai MSMEs in the Valves and Pipes: EPC Procurement Process and Importing from China Manufactures
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Abstract
Global economics has been agonized of SARS-Cov-2 and been mutating to various variant, in Thailand, it’s been opened borders since 1st of July in 2022. From world to ASEAN countries as to Thailand, have been suffered to economy recession, in terms of MSMEs, the decline in sales, layoffs, arrears and bankruptcy, bear the brunt and face severe difficulties. The study aims on MSMEs, leaning on EPC project of fluid control equipment in Thailand in fields of project sale to end-user in annual renewal plans, replying on import industrial goods from China as to its bidding strategy to prospect price advantages. It is acknowledged from qualitative research and in-depth interview by MAXQDA from representatives in valves and pipes, results show this industry has not been affected as predicted. The research analyses according to the obtained results, corresponding suggestions for entrepreneurs to avoid risk and improve efficiency.
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